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, you might be surprised to hear how detroit handled a $1 million check like chump change. we'll tell you more. that's coming up after the break. [ male announcer ] i've seen incredible things. otherworldly things. but there are some things i've never seen before. this ge jet engine can understand 5,000 data samples per second. which is good for business. because planes use less fuel, spend less time on the ground and more time in the air. suddenly, faraway places don't seem so...far away. ♪ >>> and these are your headlines. u.s. authorities are reportedly set to arrest two former jpmorgan employees allegedly tied to the london whale losses. >>> japan's economy grows less than expected in the second quarter, casting doubt over plans for a sales tax hike. >>> prudential ceo tells cnbc he's still confident on asia after posting a 22% surge in group operating profits. >>> i just want to bring you some flashes from the german finance ministry. it is not aware of a new document on greece. now, this comes hot on the heels of the reports in a german magazine saying bundesbank is preparing
for $250 million to amazon founder and ceo jeff bezos. will detroit have to sell its prized art collection to pay the bills? we'll have more on that and other stories in the final part of "worldwide exchange" right after this. >>> president obama heads to phoenix in arizona to continue his summer tour. he's expected to call on congress to back a bipartisan measure to shutter mortgage giants freddie mac and fannie mae. the president will also renew effort for sweeping mortgage refinancing legislation. >>> morgan stanley looking to sell a minority stake in the commodity business which evens three u.s. power plants and a pipeline. the reports say the bank has been shopping the u.nit for mor than a year. it isn't close to a deal. reports say the company isn't being pressed to sell the entire business, despite ownership of physical commodities. morgan stanley stock up .75% in frankfurt. >>> chevron will pay a $2 million fine stemming from the fire at its richmond, california, refinery last august. smoke from the fire sent hundreds of residents to hospitals with breathing problems. the blaze als
:40 cet. u.s. automakers are expected to post another solid sales month. are detroit's big three on the road to recovery? analysis at 11:45. allegations of tax avoidance have become reputational poison for global firms according to lloyd's new risk report. richard is here with us. he'll tell us why. and french banking giant socgen has a surge in second quarter profits. stephane will give us more with a first on cnbc interview from the group's ceo. that's up after the break. [ male announcer ] it's time. time to have new experiences with a familiar keyboard. to update our status without opening an app. to have all our messages in one place. to browse... and share... faster than ever. ♪ it's time to do everything better than before. the new blackberry q10. itime. >>> now, societe generale profits doubled in the second quarter from a year ago. stephane has been speaking to the man at the helm. he joins us now. stocks doing pretty well this morning. >> hey, ross. yeah. good set of results for societe generale, good set of numbers for the second quarter, boosted by the strong perfor
Search Results 0 to 2 of about 3